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JPMorgan: Chinese smart cars to seize 20% of Europe by 2028

By PulseAugur Editorial · [1 sources] ·

JPMorgan predicts that Chinese smart car manufacturers will capture 20% of the Western European market by 2028. This growth is fueled by the region's accelerating demand for electric vehicles, creating an opportune environment for Chinese original equipment manufacturers. The forecast suggests a competitive landscape where Chinese brands will gain market share from established foreign competitors, particularly in Europe, Asia, and Latin America. AI

IMPACT Forecasts significant market disruption for European automakers due to the rise of Chinese smart car manufacturers.

RANK_REASON The cluster contains a market forecast from an analyst firm, not a direct product release or industry-shaping event.

Read on SCMP — Tech →

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

JPMorgan: Chinese smart cars to seize 20% of Europe by 2028

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The cluster contains a market forecast from an analyst firm, not a direct product release or industry-shaping event.
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COVERAGE [1]

  1. SCMP — Tech TIER_1 English(EN) · Daniel Ren ·

    Chinese smart cars set to control 20% of western European market by 2028: JPMorgan

    The pace of electrification on western Europe’s roads is likely to fire up sales of Chinese-developed smart cars, where they could command a 20 per cent share of the regional market in 2028 at the expense of local peers, according to a JPMorgan forecast. Chinese carmakers from BY…

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